Aemetis Correlations

AMTX Stock

USD 4.09 0.22 5.68%

The current 90-days correlation between Aemetis and Blue Dolphin Energy is -0.03 (i.e., Good diversification). The correlation of Aemetis is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Aemetis Correlation With Market

Good diversification

The correlation between Aemetis and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aemetis and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aemetis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Aemetis Stock please use our How to Invest in Aemetis guide.

Moving together with Aemetis Stock

0.88	AE	Adams Resources Energy	Pair Corr
0.83	BDCO	Blue Dolphin Energy	Pair Corr
0.72	AR	Antero Resources Corp	Pair Corr
0.86	EE	Excelerate Energy	Pair Corr
0.65	EP	Empire Petroleum Corp	Pair Corr
0.87	ET	Energy Transfer LP Aggressive Push	Pair Corr
0.63	HP	Helmerich and Payne	Pair Corr
0.75	PR	Permian Resources Aggressive Push	Pair Corr

Moving against Aemetis Stock

0.74	UGP	Ultrapar Participacoes	Pair Corr
0.74	CSAN	Cosan SA ADR Downward Rally	Pair Corr
0.65	BP	BP PLC ADR	Pair Corr
0.65	EC	Ecopetrol SA ADR	Pair Corr
0.58	E	Eni SpA ADR	Pair Corr
0.51	DINO	HF Sinclair Corp	Pair Corr
0.51	CVI	CVR Energy	Pair Corr
0.43	PARR	Par Pacific Holdings	Pair Corr
0.41	BPT	BP Prudhoe Bay	Pair Corr
0.38	MPC	Marathon Petroleum Corp Sell-off Trend	Pair Corr
0.36	DKL	Delek Logistics Partners	Pair Corr
0.52	EQNR	Equinor ASA ADR	Pair Corr
0.44	BROGW	Brooge Energy Limited	Pair Corr
0.4	TK	Teekay	Pair Corr
0.38	WFRD	Weatherford International	Pair Corr
0.35	SD	SandRidge Energy	Pair Corr
0.34	EONR	EON Resources Symbol Change	Pair Corr

Related Correlations Analysis

	PBF	BDCO	CLNE	PARR	VTNR	CVI	MPC	DK	VLO	PSX
PBF		-0.54	0.17	0.77	0.49	0.85	0.81	0.7	0.7	0.79	PBF
BDCO	-0.54		-0.15	-0.7	-0.76	-0.71	-0.62	-0.52	-0.07	-0.28	BDCO
CLNE	0.17	-0.15		0.31	0.37	0.19	0.28	0.26	0.17	0.16	CLNE
PARR	0.77	-0.7	0.31		0.83	0.67	0.88	0.81	0.63	0.61	PARR
VTNR	0.49	-0.76	0.37	0.83		0.46	0.67	0.68	0.24	0.21	VTNR
CVI	0.85	-0.71	0.19	0.67	0.46		0.73	0.59	0.42	0.75	CVI
MPC	0.81	-0.62	0.28	0.88	0.67	0.73		0.92	0.77	0.81	MPC
DK	0.7	-0.52	0.26	0.81	0.68	0.59	0.92		0.72	0.67	DK
VLO	0.7	-0.07	0.17	0.63	0.24	0.42	0.77	0.72		0.84	VLO
PSX	0.79	-0.28	0.16	0.61	0.21	0.75	0.81	0.67	0.84		PSX
	PBF	BDCO	CLNE	PARR	VTNR	CVI	MPC	DK	VLO	PSX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DK	+ 0.92	MPC
MPC	+ 0.88	PARR
CVI	+ 0.85	PBF
PSX	+ 0.84	VLO
VTNR	+ 0.83	PARR
MPC	+ 0.81	PBF

High negative correlations

VTNR	- 0.76	BDCO
CVI	- 0.71	BDCO
PARR	- 0.7	BDCO
MPC	- 0.62	BDCO
BDCO	- 0.54	PBF
DK	- 0.52	BDCO

Risk-Adjusted Indicators

There is a big difference between Aemetis Stock performing well and Aemetis Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Aemetis' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PBF	1.93	(0.19)	0.00	(0.06)	0.00	0.00	3.52	(3.76)	15.94
BDCO	6.15	1.28	0.18	0.49	6.99	(6.64)	15.26	(9.48)	45.30
CLNE	2.35	(0.41)	0.00	(0.12)	0.00	0.00	4.90	(4.84)	13.51
PARR	2.42	(0.47)	0.00	(0.19)	0.00	0.00	3.34	(5.60)	14.28
VTNR	8.98	(1.54)	0.00	52.20	0.00	0.00	14.29	(17.66)	72.62
CVI	2.61	(0.47)	0.00	(0.17)	0.00	0.00	3.99	(5.81)	28.93
MPC	1.37	(0.15)	0.00	(0.11)	0.00	0.00	3.19	(3.01)	13.39
DK	2.02	(0.25)	0.00	(0.11)	0.00	0.00	3.53	(3.90)	16.10
VLO	1.47	(0.06)	(0.03)	0.02	2.05	(1.42)	2.87	(3.31)	11.46
PSX	1.14	(0.08)	(0.05)	0.01	1.69	(1.16)	1.81	(2.97)	7.77

Aemetis Corporate Executives

Elected by the shareholders, the Aemetis' board of directors comprises two types of representatives: Aemetis inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aemetis. The board's role is to monitor Aemetis' management team and ensure that shareholders' interests are well served. Aemetis' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aemetis' outside directors are responsible for providing unbiased perspectives on the board's policies.

	Todd CPA	Executive CFO	Profile
	Todd Waltz	CFO, Executive VP and Secretary	Profile

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